Odyssey Marine Exploration (NASDAQ:OMEX) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a report published on Tuesday. The firm issued a hold rating on the business services provider’s stock.

Odyssey Marine Exploration Trading Up 2.7 %

Shares of NASDAQ OMEX opened at $4.04 on Tuesday. The firm’s fifty day moving average is $3.88 and its two-hundred day moving average is $4.04. Odyssey Marine Exploration has a 52-week low of $2.85 and a 52-week high of $5.07.

Institutional Trading of Odyssey Marine Exploration

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Deltec Asset Management LLC purchased a new position in shares of Odyssey Marine Exploration in the 1st quarter worth $107,000. Fifth Lane Capital LP purchased a new position in shares of Odyssey Marine Exploration in the 1st quarter worth $179,000. Antonetti Capital Management LLC grew its stake in shares of Odyssey Marine Exploration by 2.2% in the 3rd quarter. Antonetti Capital Management LLC now owns 278,577 shares of the business services provider’s stock worth $1,042,000 after buying an additional 6,098 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Odyssey Marine Exploration by 39.1% in the 1st quarter. Vanguard Group Inc. now owns 836,505 shares of the business services provider’s stock worth $3,187,000 after buying an additional 235,334 shares in the last quarter. Finally, FourWorld Capital Management LLC grew its stake in shares of Odyssey Marine Exploration by 7.5% in the 4th quarter. FourWorld Capital Management LLC now owns 2,802,121 shares of the business services provider’s stock worth $13,030,000 after buying an additional 195,000 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors.

About Odyssey Marine Exploration

Odyssey Marine Exploration, Inc, together with its subsidiaries, discovers, validates, and develops seafloor mineral resources worldwide. The company provides specialized mineral exploration, project development, and marine services to clients. Odyssey Marine Exploration, Inc was founded in 1994 and is headquartered in Tampa, Florida.